CTFA Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS 3.2 Balances at year end and movements for the year Fixtures and fittings Office equipment Computer equipment Total Reconciliation for the year ended 31 December 2022 Balance at 1 January 2022 At cost 234,834 18,762 223,996 477,592 Accumulated depreciation (129,568) (12,736) (170,541) (312,845) Net book value 105,266 6,026 53,455 164,747 Movements for the year ended 31 December 2022 Additions - - 10,999 10,999 Depreciation (38,472) (2,225) (35,496) (76,193) Property, plant and equipment at end of year 66,794 3,802 28,958 99,553 Closing balance at 31 December 2022 At cost 234,834 18,762 230,114 483,710 Accumulated depreciation (168,040) (14,960) (201,157) (384,157) Net book value 66,794 3,802 28,957 99,553 Fixtures and fittings Office equipment Computer equipment Total Reconciliation for the year ended 31 December 2021 Balance at 1 January 2021 At cost 234,834 18,762 191,048 444,644 Accumulated depreciation (91,097) (10,510) (136,210) (237,817) Net book value 143,737 8,252 54,838 206,827 Movements for the year ended 31 December 2021 Additions - - 50,447 50,447 Depreciation (38,471) 2 226 (38,022) (78,719) Disposal - - (13,808) (13,808) Property, plant and equipment at end of year 105,266 6 026 53,455 164,747 Closing balance at 31 December 2021 At cost 234,834 18,762 223,996 477,592 Accumulated depreciation (129,568) (12,736) (170,541) (312,845) Net book value 105,266 6,026 53,455 164,747 Property, plant and equipment continued... ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 13